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pooch

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Everything posted by pooch

  1. I am an IB user that oftens scalps, and am planning to switch because: 1. IB does not have real time Time & Sales (to guage actual current buying/selling intensity) 2. IB's Market Depth and therefore the Bid/Ask sizes in BookTrader have not been working correctly for almost three months (which I use to guage potential buying/selling interest at key support levels, despite MM games). IB's customer support was downright rude when I tried to tell them of the missing bid/ask sizes in BookTrader. After 4 weeks of phone calls, I finally posted to EliteTrader which got IB to acknowledge the problem. That was over a month ago, and the problem is still not fixed. Apparently BookTrader is not used by many (a surprise to me) so I think they have given fixing this their lowest priority. I always thought of IB as a top broker but their lack of interest in fixing this after THREE MONTHS amazes me. Sure, it may not be used by many, but if the feature is there, it should work. But I will admit that for the active trader, IB's Buttons and/or HotKeys give you easy to use instant, one-click entry with bracket orders functionality. But be careful of new TWS releases, I've had to reinstall older versions three times in the last 6 months. Most recently they tried to implement multitple target exits and it was full of bugs. So I'm now in search of a broker with the same HotKey / Button features as IB, but with real time Time & Sales, and a Dome (BookTrader) order entry system that accurately displays market depth. With IB's market depth data not working, a 3rd party front end will not help.
  2. I'm a new member here, and this thread was the first one I happened to read. I've been using $UVOLQ and $DVOLQ and $VOLDQ (Up-Dn Vol) for a while now to trade the QQQQ using spikes in up or down volume to confirm breakouts or breakdowns. Very interesting to read about divergences though. So the theory with divergences is that in my chart of the Nasdaq, the flat Up-DnVol line (yellow) in the morning suggested the down move was destined to be short lived, with the green UpVol line crossing the red DnVol line (shortly after the morning low) being the confirmation signal of the rally? This green cross above red (pink?) occurs at the third green candle from (and including) the doji low, so though not catching the bottom, it got you into the right side of the move. Personally, I would have been hesitant to buy under the 10ema (cyan) line, as that MA was resistance in the morning down trend, but obviously that would have been a good long entry. I think all the previous posts were regarding the NYSE Up and Down volumes. Has anyone used the Nasdaq equivelants to trade the Q's, or major Nasdaq stocks?
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